- Datadog Inc. (DDOG, Financial) surpasses earnings expectations with a significant revenue increase.
- Analysts see substantial upside potential, with average price target suggesting a 33.83% increase.
- GuruFocus estimates indicate a much higher potential upside of 74.35% based on GF Value.
Datadog Inc. (DDOG) has made a strong impression in the first quarter by delivering a Non-GAAP EPS of $0.46, beating market expectations by $0.04. The company reported robust revenues of $762 million, reflecting an impressive 24.7% increase year-over-year and surpassing forecasts by $20.6 million. Looking ahead, Datadog projects second-quarter revenue to land between $787 million and $791 million, exceeding current consensus estimates.
Insightful Analyst Predictions
Datadog Inc. garners optimistic projections from Wall Street analysts. With input from 33 analysts, the stock's average one-year price target stands at $141.46. This target includes a high estimate of $175.00 and a low estimate of $87.00, signaling a 33.83% potential upside from the present stock price of $105.70. For further detailed insights, visit the Datadog Inc (DDOG, Financial) Forecast page.
Brokerage Firms' Ratings
The consensus recommendation from 43 brokerage firms for Datadog Inc. (DDOG, Financial) remains strong at an average rating of 2.0, indicating "Outperform". This rating is part of a scale ranging from 1 (Strong Buy) to 5 (Sell).
GuruFocus GF Value Insights
According to GuruFocus estimates, Datadog Inc. (DDOG, Financial) boasts an estimated GF Value of $184.29 in one year, implying a remarkable 74.35% potential upside from the current price of $105.7. The GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples and projections of future business performance. More comprehensive data is available on the Datadog Inc (DDOG) Summary page.
